Our Blog

It’s been a bad few weeks for the sort of opinionated center-left pundit who prides themselves on data-driven, hyper-quantitative approaches to solving society’s intractable problems.

Both EA and popularism appeal to a desire for mathematical rigor and objective calculation, whether it’s calculating lives-saved-per-dollar or playing probabilities in politics.Both EA and popularism appeal to a desire for mathematical rigor and objective calculation, whether it’s calculating lives-saved-per-dollar or playing probabilities in politics.

The FTX disaster should be all the impetus needed to kill off any new crypto industry–approved legislation. Instead, we need Congress to provide material support for financial regulators in the form of increased appropriations to guard against the next collapse. Much of the crypto industry is already subject to laws—the very ones that the SEC seeks to enforce and that the crypto industry broadly (not just Sam Bankman-Fried) seeks to evade by reducing the SEC’s jurisdiction ex post facto. Both the CFTC and SEC urgently need funds to fulfill their mandates. Crypto stretches these needs even further, but the need has existed for years. For decades, financial crimes have too often gone unpunished. This wasn’t for a lack of rules, but a lack of will, funds, and people willing to enforce them. Crypto doesn’t need special treatment, it needs to face the music.

Last November, President Biden signed the Infrastructure, Investment and Jobs Act, better known as the Bipartisan Infrastructure Law. The bill provides $1.2 trillion for infrastructure renovations nationwide, with $91 billion earmarked for various public transportation programs. At the time, Biden announced Mitch Landrieu would be the White House’s Senior Advisor and Infrastructure Coordinator in charge of implementing the landmark legislation, more colloquially known as the “Infrastructure Czar.” Landrieu now oversees a $1.2 trillion dollar bill, so he must be in constant communication with the administrators of key agencies to ensure it’s money well spent … right?

At a critical juncture such as this where the industry seeks kid-glove treatment from regulators, backgrounds such as Harris’s should be disqualifying.

The White House does not need to hire someone to get a banker’s perspective on inflation.

The rapid meltdown of FTX stands as one of the most gruesome chapters in the annals of investment fiascos: think of the false technological promises of Elizabeth Holmes’s Theranos grift combined with the evaporation of Bernie Madoff’s prestigious Ponzi fund. But the saga of FTX involves much more than either the vanity and hubris of Holmes’s fraud offensive or the deceptive practices of the Madoff scam. The rapid rise and fall of Bankman-Fried points up the delusional character of information-age capitalism; Far from standing as an outlying trend within the crypto investment world, Bankman-Fried’s scam was nestled at the very heart of its prevailing business model.

On November 10th, eight groups sent a letter to Chair Khan urging the FTC to release documents shedding light on Commissioner Noah Phillips potential conflicts of interest as

Democrats defied expectations, including ours. But why do we have these expectations in the first place?

The Project’s memo argues that Democrats did not clearly articulate what they stand for by making unpopular enemies and provoking fights with specific, unpopular villains.

White collar crooks are behind the campaign to kill the CFPB, but don’t expect the mainstream media to tell you that.